A truck carries cargo to be loaded on the Frankfurt Express container ship at the DP World Centerm terminal in Vancouver. Canada's trade deficit was $6.3-billion in August.
Canadian exports contracted in August pushing the country’s merchandise trade deficit to the second-highest level on record as U.S. tariffs continued to disrupt Canadian trade.
Goods exports fell 3 per cent while imports increased 0.9 per cent, causing the merchandise trade deficit to nearly double to $6.3-billion from $3.8-billion in July.
The broad-based decline in exports, which follows three months of growth , highlights how precarious Canada’s trade landscape remains as Prime Minister Mark Carney meets with U.S. President Donald Trump in Washington on Tuesday to try to secure some tariff relief.
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